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CardieX partners with Andon to manufacture next gen telehealth and remote patient home health monitoring devices

CardieX Ltd (ASX:CDX) subsidiary ATCOR Medical Pty Ltd has entered a co-development and commercial partnership agreement with Andon Health Co Ltd (SHE:002432), one of Chinas largest manufacturers of home-use medical electronic devices.

A three-year co-development and commercialisation agreement with Andon provides for the development and commercialisation of new medical and consumer health devices for home-use based on ATCORs patented and global standard SphygmoCor® technology for measuring central blood pressure and arterial stiffness.

The first device under the agreement will be named ATCOR 'Pulse' and will be targeted for commercial launch in the US, Europe, Australia and China in the fourth quarter of 2021.

“Major value milestone”[hhmc]
CardieX CEO and managing director Craig Cooper said: “This is the most significant announcement of the company's evolution since I became CEO and represents a major value milestone for all shareholders.

“We now have the foundation..

CardieX Ltd (ASX:CDX) subsidiary ATCOR Medical Pty Ltd has entered a co-development and commercial partnership agreement with Andon Health Co Ltd (SHE:002432), one of Chinas largest manufacturers of home-use medical electronic devices.

A three-year co-development and commercialisation agreement with Andon provides for the development and commercialisation of new medical and consumer health devices for home-use based on ATCORs patented and global standard SphygmoCor® technology for measuring central blood pressure and arterial stiffness.

The first device under the agreement will be named ATCOR 'Pulse' and will be targeted for commercial launch in the US, Europe, Australia and China in the fourth quarter of 2021.

"Major value milestone"


CardieX CEO and managing director Craig Cooper said: “This is the most significant announcement of the company's evolution since I became CEO and represents a major value milestone for all shareholders.

“We now have the foundations of a fully developed ecosystem of home-health devices, digital health and telehealth solutions, wearable partnerships, and a remote patient monitoring platform – each of which target significant health-tech market opportunities – and each based on our patented SphygmoCor technology.

“Going forward we will continue to expand our product portfolio with new devices including new partnerships in medical and clinician based vital signs monitoring, wearables, and other health technologies."

Shares have been as much as 15% higher intra-day to 6.5 cents.

ATCOR 'Pulse'


ATCOR Pulse will be the first new medical device for ATCOR since 2012 and represents a game-changing medical technology collaboration for home-use vital signs monitoring.

This unique device will be the worlds first cloud-connected home-use BP monitor to include ATCORs SphygmoCor technology and Arty, ATCORs new cardiovascular vital signs and telehealth platform.

Commercial market opportunity


The agreement and ATCOR Pulse device significantly expands the commercial market opportunity for CardieX into the home consumer health device market, which is estimated to be worth US$2.5 billion annually.

When paired with ATCORs Arty app, the device will provide full remote patient monitoring of a patients vital signs at home.

The remote patient monitoring market is estimated to reach US$43 billion by 2027.

At launch, the device will also be fully telehealth-enabled with video, chat, messaging, customisable screens and full vital signs sharing features between clinician and patient when paired with the companys Arty app.

Material terms


The key terms of the agreement are:

  • Intellectual property ownership is explicitly retained by ATCOR as the sole and exclusive owner of all intellectual property rights related to ATCOR technology and ATCOR BPM;
  • ATCOR has the sole exclusive right to distribute the product in ANY territory;
  • The agreement has a term of three years and can be extended oRead More – Source
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Argonaut Resources directors show faith in company by participating in oversubscribed SPP

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP[hhmc]
The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money ..

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP


The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money raised under this SPP and from the recently completed $2.7 million share placeRead More – Source

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Strickland Metals shares jump 39% ahead of drilling base metal target near DeGrussa

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey[hhmc]
Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilomet..

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey


Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilometre strike.

Diamond core drilling


The company plans to start the diamond core drilling by the end of this month.

A multi-purpose drill rig has been contracted to enable the minimum planned program wRead More – Source

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Pan Asia Metals has positive discussions on plans for Thai lithium project

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions[hhmc]
Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Ng..

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions


Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Nga Provincial Public Works and Town Planning Office.

Phang Nga Provincial Industry head has been appointed by the Phang Nga governor as chairman of the Phang Nga New Town Planning Committee.

During the meeting, the chairman of the committee conveyed its support for the Reung Kiet Lithium Project.

PAO wants to ensure that the requirements of the Reung Kiet project are incorporated into the town planning committee’s zoning plans to ensure that the project can progress once exploration and feasibility results prove positive.

“Can bring opportunities”


PAM managing director Paul Lock said: “We have been working hard in Phang Nga province and we are very happy with the positive reception that the Reung Kiet Lithium Project is receiving from the Phang Nga Provincial Government and surrounding communities.

“Reung Kiet is strategically located and based on peer feasibility work the project is positioned to potentially be one of the lowest-cost suppliers of lithium chemicals in the global peer group.

“This is a project that can bring substantial opportunities and value to Phang Nga and Thailand.”

Pan Asia is planning its second Reung Kiet drilling program with expectations that this will begin in the coming months following the conclusion of the current Khao Soon drilling program.

Potential cost curve leader


Reung Kiet is a hard rock project with lepidolite rich pegmatites chiefly composed of quartz, albite and lepidolite with minor cassiterite and tantalite as well as other accessory minerals including some rare earth.

Lepidolite does not require roasting and has a suite of by-products which are recoverable at the concentrator and processing stages of the flow sheet.

Peer feasibility work has Read More – Source

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